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Fernan so like the rest of us 10p would have felt like a steal at the time.
15th of March and still no confirmation of a drill date except for a pretty webcast.
So mid to end of April?
Goonerpete:
I´m invested here since January 2022. after the drilling of the Anchois 2 well. My entry point was at 10p.
Regards
Like a lot of others on here. If Namibia would have come in at the time I would have been a rich man!
Hey Ho, on to the next Big Hope!
GKA
Danno
Morning Fernan
Are you invested or are you waiting to jump in?
New discoveries are getting closer to the licenses where we still have a right to get a 10% working interest back.
See the map.
https://finance.yahoo.com/news/pel-83-exploration-campaign-4-180000222.html
This latest well was drilled 8 km away from the original discovery, proving the lateral extension of the original find. Truly massive.
Regards
Thrbold have you been on the skittles again as that was some crazy posting through the night (most of which has now been deleted, was that writer's remorse)🤔
Keep it coming… roll up roll up.
Im sure I saw elvis at the chip shop last week.
@Fernan,as always a valued n balanced post questioning your thoughts,beliefs and doubts. I enjoy reading your posts like many,please keep these up as unfortunately some people have their own agenda that they seem to try and impose on others. Heard the last time he was a previous member threw his toys out his pram and posted some pathetic thread on why he was leaving. Not sure if you were around then but was embarrassing to say the least. Seems hes been reincarnated, heard that on other SM apparently from the man AP himself been talking 🤭🤭🤭 Was nice to see he was slapped down on another chat thread over at PRD 🥳🥳🥳🥳.
Offshore Morocco (Chariot 30%)
In December, Chariot signed a partnership agreement with Energean which provides funding for both Chariot and the Anchois project through an upfront consideration, deferred consideration and potentially a full carry to first gas, with Chariot retaining a material stake in the project. The farm-out secures an experienced operator in Energean with a proven track record for successfully delivering large offshore gas projects.
Together the partners plan to drill and test a further well (Anchois East) in 2024 (expected to spud mid-year) which will evaluate undrilled low-risk deeper sands to potentially materially increase the resource base for a development above 1Tcf and will appraise and flow test the existing discovered sands. The well will be suspended as a future producer. I expect this well will take between 60-75 days to complete at a cost of US$85m (Chariot is fully carried).
On completion, Energean will have the right to acquire a further 10% of Chariot’s equity in the Lixus licence in exchange:
• US$850m gross development carry to first gas.
• US$50m 5-year zero coupon convertible loan note or issuance of 3m Energean shares
• 7% royalty payment on Energean’s gas production revenues in excess of a base realised gas price.
Chariot’s carry has a coupon of 7% over SOFR and is repayable from 50% of Chariot’s future net sales revenue.
In the interim, Chariot is expected to receive a US$10m payable from Energean on completion of the transaction, which is subject to government approvals – this is expected in Q1/24. A further US$15m will be payable on a Final Investment Decision (expected towards the end of 2024). We model first gas in 2027.
In addition to the Anchois discovery, Chariot has identified an additional 1.4Tcf of prospective resources within tie-back distance to the Anchois discovery. To derisk this prospectivity, the partners are planning a US$7m 3D seismic campaign in 2024.
Jimmy:
ERC Equipoise Ltd (ERCE), the independent evaluator that issued a CPR for SDX for the Lalla Mimouna Nord area (now the Loukos concession) in 2018, assigned just 5.4 bcf of prospective resources to the deeper 300m gas bearing interval discovered by the LNB-1 well ( see page 129 of the report)
All prospects in the concession (including the deeper interval) were assigned 26.2 bcf of 2U prospective resources.
Have you checked the assumptions made by ERCE to get to that extremely low numbers?
It´s all in the report.
That was your post, which I commented on…factually.
You take old partially reprocessed no longer relevant data when the licence had another name , missing a swathe of new factual Avo , newly reprocessed and proven reservoir signal information done by Chariot and then harp the old report out as the most up to date and factual report on Loukos…
Your last sentence “ it’s all in the report” is implying Jimmy needs to read or reread it and question the factual reality he has made and which I agree with about the licence now being acutely more prospective with far higher gas volumes, because the old out of date report says so.
The Bold:
First, I asked about the geological Chance of Success .
Now, I asked about the size of the deeper interval.
Read again.
I was about to ask you for you to not bother to answer the educated questions that I make to Jimmy.
But that would be a complete waste of time.
I can't work what the asterisks are Bold? 🤷♂️
Nice buy, £82k
well all i have to say to you is ….
sup up your beer and collect your ***s -
there's a row going on down near slough
Probably right Bold but for as long we sit here in the 7's (for now at least) peeps will pick holes for reasons why.
It's hard to justify and convince otherwise atm.
Really good to see construction complete and already onto the second drill target. Nice efficiency and shows their intentions clearly, no messing around. Just need to get the rig on site now.
@TheBold Paul Weller, Wos that from the HORSES mouth AP himself or u relyin on 2nd hand Channels still.
Onshore & Off-ov-it - CHAR will see AP prove H8ers wrong. SPRUIK this.
IAWT.
Na, he not invested here gooner lad..
Thought u could even see that..
And looks like Fernan has added another piece of merde in char to his list of merdes.
Sounds like you invested in some right old crusty dogs Fernan10..
Did you do your DD ?
My investment ?
Not yours then. !
No you were not discussing another permit you were discussing the same permit LOUKOS previously Lala MImouna , the independent evaluator that issued a CPR for SDX for the Lalla Mimouna Nord area (now the Loukos concession) …and my answer to you is 100% valid.
Read again.
My questions in the past were about another prospect.
I´ve been invested in the oil & gas sector for the last 20 years.
I´ve known a lot of guys/ladies as you: young, arrogant, energetic, pretending to know a lot more that you really know, ready to attack any negative comment about your investiment.
I watched all of them going down the toilet, together with their investments in companies like Providence Resources, Caza Oil and Gas, Mart Resources, etc, etc.
So. the simple fact of having someone like you invested here makes me worry about the final result of this venture.
But I hope my gut feeling proves wrong.
Time will tell as always.
There is a post and some photos on Chariot Energys LinkedIn site regarding the completion of the construction at the Loukos Gaufrette site and the start of the Loukos Dartois site.
Good to see such updates.
Rgds Sft
Https://x.com/chariot_energy/status/1768251646956409105?s=46&t=GXEMFIPiVMCp4flUoECNgQ
When we sign offshore drill unit contract, we will have drill timing.. MID YEAR 2024 still mooted as of 2 days ago by AP.